Mobile Crane Finance for a Lifting and Rigging Business in Scotland
£680,000 · 7 years · 7.10% fixed. A specialist lifting and rigging business in Scotland needed to add a 100-tonne all-terrain mobile crane to its fleet to compete for larger offshore decommissioning and construction contracts.
The Client
Specialist lifting and rigging business in Scotland
The Challenge
A specialist lifting and rigging business in Scotland needed to add a 100-tonne all-terrain mobile crane to its fleet to compete for larger offshore decommissioning and construction contracts. The crane was sourced second-hand from a European operator with full inspection and certification records. Used crane finance requires lenders comfortable with specialist valuations.
Our Solution
Doulton arranged hire purchase on the second-hand crane. An independent CPCS-certified crane assessor provided a valuation report confirming the machine's condition and market value. The offshore contract pipeline was presented to support the lending case. Seven-year term matched the crane's expected working life in the current fleet.
The Outcome
Crane acquired and fully certified for UK operations. First offshore contract using the crane completed within six months of purchase. The crane is now deployed on a major Scottish offshore wind installation project. Key highlights: Second-hand crane accepted - independent assessor valuation provided; Offshore contract pipeline presented - lender comfortable with; Crane now deployed on Scottish offshore wind installation project.